Coco Coir Market to Reach $525.70 Million by 2027, Reports Allied Market Research

According to a new report published by Allied Market Research, titled, "Coco Coir Market by Product (Coco Coir Grow Bags, Bales, Coir Material, Open Tops, Blends & Loose Substrate, and Others ), Application (Rope & Cordage, Coco Nets & Twines, Stitched Mats, Coconut Meals, Husk, and Others), and Consumer (Green Houses and Sellers): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global coco coir industry was estimated at $369.70 million in 2019, and is expected to hit $525.70 million by 2027, registering a CAGR of 8.2% from 2020 to 2027.

📍 𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐓𝐨𝐝𝐚𝐲 : https://www.alliedmarketresearch.com/request-sample/7221

💡𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐫𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬-
Increase in demand for coir in farming and geotextile industry and inclination of consumers toward eco-friendly products fuel the growth of the global coco coir market. On the other hand, use of synthetic-based products has worked as a restraining factor. Nonetheless, several beneficial properties of coir ply are projected to create multiple opportunities for the key players in the near future.

Nevertheless, the government bodies are now coming up with relaxations on the existing regulations to help different sectors get back on their yet again.

💡𝐓𝐡𝐞 𝐜𝐨𝐜𝐨 𝐜𝐨𝐢𝐫 𝐠𝐫𝐨𝐰 𝐛𝐚𝐠𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐛𝐲 𝟐𝟎𝟐𝟕-
Based on product, the coco coir grow bags segment accounted for around one-fourth of the global coco coir market share in 2019, and is anticipated to retain its dominance by 2027, owing to the ability of coir grow bags to reduce transplant shock when they are moved, which promotes plants growth. The coir material segment, on the other hand, would portray the fastest CAGR of 9.9% throughout the forecast period. This is because coir material finds its huge application in making bricks and particleboards.

💡𝐓𝐡𝐞 𝐠𝐫𝐞𝐞𝐧 𝐡𝐨𝐮𝐬𝐞𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐥𝐞𝐚𝐝 𝐭𝐡𝐞 𝐭𝐫𝐚𝐢𝐥-
Based on consumer, the green houses segment contributed to around four-fifths of the global coco coir market revenue in 2019, and is expected to maintain the lion's share by the end of 2027. This is attributed to the fact that food demand is expected to increase between 59% and 98% by 2050. This will shape agricultural markets in ways we have not seen before. Farmers worldwide will be required to increase crop production, either by increasing the amount of agricultural land to grow crops or by enhancing productivity on existing agricultural products. At the same time, the sellers segment would manifest the fastest CAGR of 11.0% during the study period, due to increase in demand of coir-based products from retail consumers.

💡𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐠𝐚𝐫𝐧𝐞𝐫𝐞𝐝 𝐭𝐡𝐞 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝟐𝟎𝟏𝟗-
Based on geography, North America held the major share in 2019, generating nearly one-third of the global coco coir market. This is due to the fact that coir pith is now increasingly being applied as soil conditioner and soil medium in this province. Simultaneously, Asia-Pacific would register the fastest CAGR of 10.0% from 2020 to 2027. This is because India, Indonesia, Malaysia, and Sri Lanka are the major exporters in the region for coco coir and its by-products.

📍 𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬! 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐓𝐢𝐦𝐞 𝐎𝐟𝐟𝐞𝐫: 𝐌𝐚𝐲 𝟐𝟎𝟐𝟒 - 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟒 : https://www.alliedmarketresearch.com/checkout-final/021f540a5b3a278964b301c26f464666

💡𝐅𝐫𝐨𝐧𝐭𝐫𝐮𝐧𝐧𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲
✔️ Pilipinas Eco fiber Corporation
✔️ Lanka Coco Products
✔️ Universal Coco Indonesia
✔️ Pelemix Ltd.
✔️ Coco fiber
✔️ Consarc Pvt Ltd.
✔️ Fire dust
✔️ Bali Coco Fiber
✔️ Coco Green Pvt Ltd.
✔️ Lima Group

📍 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐚𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/7221

📞𝐂𝐨𝐧𝐭𝐚𝐜𝐭

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